Temasek, the $287-billion manager of Singaporean sovereign wealth, is seeding a new fund that will finance residential fix-and-flip jobs in the U.S. The Roc360 Real Estate Income Trust will have …
House Flippers to Get Financing From Singapore’s Sovereign Wealth Fund
Temasek, the $287-billion manager of Singaporean sovereign wealth, is seeding a new fund that will finance residential fix-and-flip jobs in the U.S. The Roc360 Real Estate Income Trust will have …
CNA Explains: Slump and recovery – what is the current state of the Singapore economy?
Singapore narrowed its projection for economic growth in 2023 on the back of a weak outlook for external demand.
CNA Explains: Slump and recovery – what is the current state of the Singapore economy?
Singapore narrowed its projection for economic growth in 2023 on the back of a weak outlook for external demand.
Olam Group expects agricultural unit’s Singapore-Saudi dual IPO by 2024 first half
Singapore’s Olam Group said on Friday it is targeting the IPO of its agricultural unit by the first half of 2024, and the commodity trader reported an 88.8% fall in first-half profit on lower crop …
City Developments Profit Drops Despite Jump in Property Business
City Developments Ltd., run by Singapore’s richest real estate empire, posted a 94% drop in its first-half profit, as the absence of divestment gains booked a year earlier masked strong results in the …
Why Singaporean investors consider residential property as the safest asset class
One in six ultra-high-net-worth individuals in SG plan to buy a property in 2023. Gold is usually deemed as the safest asset class, but for Singapore’s wealthiest, it’s residential properties. Data …
SSY strengthens in Tokyo as it targets Japanese business
Broker Simpson Spence Young (SSY) has strengthened its Tokyo team as it seeks to take advantage of growing opportunities in Japan, including long-term project work. Three brokers have moved over from SSY’s Singapore projects desk to Tokyo, headed by Eugene Quek, and also including Risa Yoshida and Yusuke Kawachi.
Singapore Land’s PATMI down 53% in H1
The firm reported a $168.4m net profit in the first half (H1) of 2023. As the hospitality sector continues to recover, Singapore Land’s net profit attributable to equity holders of the company (PATMI) …
Frasers Property posts ‘steady’ operational performance in Singapore
Its commercial portfolio occupancy grew for the fifth consecutive quarter. Frasers Property reported a “steady” operational performance in its Singapore assets in the nine months of the financial year …